WESTCARE ENDOWMENT INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

RICHARD E STEINBERG

Phone

7023852090

Tax Period

2023-07-01 to 2024-06-30

WESTCARE ENDOWMENT INC, founded in 2009, is a micro nonprofit in the Mental Health sector that reported $17K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $12K, a strong 70% operating margin.

Mission

TO PROMOTE THE TREATMENT AND PREVENTION OF SUBSTANCE ABUSE.

Program Service Accomplishments

Program 1

TO PROVIDE ASSISTANCE TO AFFILIATED EXEMPT ORGANIZATIONS FOR HEALTH AND HUMAN SERVICES, MENTAL HEALTH, SUBSTANCE ABUSE AND ADDICTION TREATMENT, DOMESTIC VIOLENCE SERVICES, HOMELESS SERVICES, WORK...

TO PROVIDE ASSISTANCE TO AFFILIATED EXEMPT ORGANIZATIONS FOR HEALTH AND HUMAN SERVICES, MENTAL HEALTH, SUBSTANCE ABUSE AND ADDICTION TREATMENT, DOMESTIC VIOLENCE SERVICES, HOMELESS SERVICES, WORK FORCE DEVELOPMENT ACTIVITIES, CARE TO RUN AWAY AND HOMELESS YOUTH, AND VETERANS SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,032

Program Service Revenue $0

Investment Income $424

Other Revenue $0

TOTAL REVENUE $17,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,256

Other Expenses $5,256

TOTAL EXPENSES $5,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,456	$18,425	-0.1%
Expenses	$5,256	$6,020	-0.1%
Net Income	$12,200	$12,405	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD E STEINBERG	President	1.00	Officer Director	$0	$0	$0
JAMES WADHAMS	Chairman	1.00	Officer Director	$0	$0	$0
KEN ORTBALS	CEO	1.00	Officer Director	$0	$0	$0
LINDA ERATH	SEC.-TREASURER	0.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$17,456	$5,256	$317,396	$12,200
2023	$18,425	$6,020	$305,196	$12,405
2022	$18,173	$6,102	$292,790	$12,071
2021	$20,905	$6,335	$319,031	$14,570
2020	$183,417	$16,271	$276,493	$167,146
2019	$18,021	$19,924	$110,876	$-1,903
2018	$8,030	$19,904	$108,715	$-11,874